Risk factors

Carmax (KMX) risk factors

Item 1A of every Carmax Inc. 10-K on file, and what changed from one year to the next.

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  • FY2026 10-K risk factors

    29 risks, 3 new, 7 reworded since the prior year. CarMax faces heightened risks from activist shareholders, intense online competition, and internal restructuring impacts on workforce morale.

    Filed Apr 15, 2026
  • FY2025 10-K risk factors

    26 risks. CarMax faces heavy reliance on its omni-channel platform and AI initiatives for growth and operational efficiency.

    Filed Apr 11, 2025